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Britain"s PwC fined $5.8 million over audit of Redcentric

Britain's accounting watchdog said on Thursday it had fined PwC 4.55 million pounds ($5.8 million) for failing to challenge management at IT services company Redcentric where a 20 million pound hole was later found in the books......»»

Category: topSource: reutersJun 13th, 2019

: California fines Uber $59 million for stonewalling questions about sexual assaults

A California judge fined Uber Technologies Inc. $59 million on Monday, and threatened to suspend its permit to operate in the state if the ride-hailing giant doesn't pay the penalty and answer regulators' questions within 30 days......»»

Category: topSource: marketwatchDec 14th, 2020

A Russian oligarch"s son lost $50 million making risky trades as a university student - and now his own mother is suing him as part of Britain"s largest divorce case

Temur Akhmedov first profited from his trades, but a losing streak and risky attempts to rebound erased his multimillion-dollar balance. Temur Akhmedov, son of Russian billionaire Farkhad Akhmedov.....»»

Category: smallbizSource: nytDec 14th, 2020

Morgan Stanley fined $5 million by the SEC over trading fees

Reuters Morgan Stanley will pay a $5 million fine to the Securities and Exchange .....»»

Category: topSource: businessinsiderMay 12th, 2020

Metro Bank posts rising deposits, lower first quarter lending

Britain's Metro Bank reported a modest dip in lending in the first quarter and a 77 million pounds rise in total deposits to 14.6 billion pounds ($18.15 billion) as customers shrugged off lower fixed term deposit rates......»»

Category: topSource: reutersMay 6th, 2020

Mississippi spent at least $94 million in welfare money on NFL players, lobbyists, and pro wrestlers instead of its poorest citizens

Hannah Foslien/Getty Images Mississippi misspent at least $94 million in federal welfare funds in ways that paid star NFL football players like Brett Favre, lobbyists, and pro wrestlers, according to a searing state audit released.....»»

Category: topSource: businessinsiderMay 5th, 2020

UK watchdog investigates EY audit of NMC Health

Britain's accounting regulator said it has opened an investigation into EY's audit of NMC Health, the troubled hospital operator that was placed into administration in April......»»

Category: topSource: reutersMay 4th, 2020

Britain"s Sainsbury"s warns of $623 million coronavirus hit to profit

British supermarket group Sainsbury's warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said decisions on paying dividends to shareholders would be deferred......»»

Category: topSource: reutersApr 30th, 2020

Britain"s Sainsbury"s warns of $623 million hit to profit from coronavirus

British supermarket group Sainsbury's warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said it would defer any dividend payment decisions until later this year......»»

Category: topSource: reutersApr 30th, 2020

Britain"s Sainsbury"s warns coronavirus profit impact could be £500 million

British supermarket group Sainsbury's estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend payment decisions until later in the financial year......»»

Category: topSource: reutersApr 30th, 2020

Capitol Report: Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications

The Trump administration will audit small-business loans above $2 million, Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash......»»

Category: topSource: marketwatchApr 28th, 2020

Mnuchin warns some U.S. firms could face criminal liability over coronavirus loans

The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus fallout, Treasury Secretary Steven Mnuchin said on Tuesday......»»

Category: topSource: reutersApr 28th, 2020

EY whistleblower awarded $11 million after suppression of gold audit

A British court awarded $11 million in damages and expenses on Friday to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates......»»

Category: topSource: reutersApr 17th, 2020

"Wasted" - 50 Million Pints Down The Drain Unless UK Pubs Reopen By Summer

"Wasted" - 50 Million Pints Down The Drain Unless UK Pubs Reopen By Summer Britain remained in a nationwide lockdown in mid-April as virus-related deaths and confirmed cases climb. A crashed economy and high unemploym.....»»

Category: blogSource: zerohedgeApr 15th, 2020

Tesco warns coronavirus costs could top $1 billion

Britain's biggest retailer Tesco has estimated that the lockdown will cost the firm up to 925 million pounds, the equivalent of 1.1 billion U.S. dollars. Joe Davies reports......»»

Category: videoSource: reutersApr 8th, 2020

Britain"s Tesco warns coronavirus costs could top $1 billion

Britain's biggest retailer Tesco estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn't give profit guidance for the current financial year......»»

Category: topSource: reutersApr 8th, 2020

Britain"s Tesco says coronavirus costs could reach $1.1 billion

Britain's biggest retailer Tesco expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year......»»

Category: topSource: reutersApr 8th, 2020

Britain"s supermarkets fear they"ll struggle to meet demand

Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus. Ciara Lee reports.....»»

Category: videoSource: reutersApr 7th, 2020

Prime Minister Boris Johnson is spending £5.7 million to write to all 66 million people in the UK, urging them to stay at home to fight coronavirus

REUTERS/Simon Dawson/Pool Prime Minister Boris Johnson has written to every household in Britain urging people to stay indoors to protect the National Health Service and save lives as the UK's battle with the coronavirus .....»»

Category: topSource: businessinsiderMar 28th, 2020

Singapore Tanker Operator Fined $1.65 Million For Oil Bilge Dumping

The U.S. Department of Justice announced that a Singapore-based shipping company will pay a $1.65 million fine to the U.S. government for illegally dumping oily bilge water overboard during a tanker voyage in early 2019. read more.....»»

Category: blogSource: benzingaMar 23rd, 2020

French authorities fine Tech Data $83.5 million in Apple distribution case

Tampa Bay's largest public company has been fined over $80 million in a French antitrust case with ties to Apple. Clearwater-based Tech Data (NASDAQ: TECD) has been sanctioned $83.5 million, after allegedly agreeing to a non compete clause with .....»»

Category: topSource: bizjournalsMar 17th, 2020